Mauritius stands out as a prime destination for property buyers

Philippe de Beer is CEO and Co-Founder of Park Lane Properties, official partner of Unique Estates for the Mauritian real estate market. His visionary has been instrumental in shaping the company’s success. With a background in marketing, entrepreneurship, and a passion for client service, Philippe, alongside his wife Frédérique, founded Park Lane Properties to address the need for personalised, high-level real estate services in Mauritius. His leadership is defined by a commitment to excellence, a deep care for his team, and a focus on nurturing long-term client relationships. Philippe’s strategic insights and dedication to maintaining the highest ethical standards have positioned Park Lane Properties as a trusted name in the real estate industry, delivering exceptional experiences to clients from Mauritius and around the world.

Why is Mauritius such a popular destination for buying a property?

Mauritius stands out as a premium destination for property buyers due to its unique blend of natural beauty, economic stability, and a high standard of living. In addition to its stunning beaches and tropical climate, the island offers a robust economy with favourable tax policies, including no capital gains tax, no wealth tax, no property tax and no inheritance tax. The property market in Mauritius is strong, ensuring that property investments are secure and benefit from healthy appreciation year after year. Mauritius is also ranked as the top African country for ease of doing business, offering strategic connectivity between Europe, Africa and Asia.

“For families, retirees, and professionals, the island presents an appealing lifestyle with opportunities for investment, retirement, work, and leisure in an idyllic setting.”

Should we choose a villa or an apartment?

The choice between a villa or an apartment depends not only on lifestyle but also on the buyer’s intentions. Villas offer privacy, spacious living areas, and often come with private gardens and pools, making them ideal for families or those seeking a luxurious retreat. Apartments, on the other hand, provide a modern and convenient “lock-up-and-go” solution, perfect for those seeking a holiday hideaway with minimal maintenance. Apartments also offer the added prospect of rental returns when owners are not in the country, making them a popular option for investors looking to maximise their property's potential. Park Lane Properties offers an extensive range of high-quality villas and apartments, ensuring there is a perfect match for every client's needs, whether for personal use or investment purposes.

Which are the best areas of the island?

Mauritius has several regions, each offering distinct lifestyle benefits. The North is known for its vibrant atmosphere, beautiful beaches like those of Grand Baie and Pereybere, and lively nightlife. It is a favourite for those seeking a dynamic environment with a range of entertainment options, restaurants, and water sports activities. Buyers often choose the North for its established infrastructure, proximity to schools, and its appeal as a popular tourist destination, which also makes it a prime location for rental investments.

The South West of Mauritius, on the other hand, is favoured for its stunning natural beauty and serene, unspoiled landscapes. Areas such as Black River and Tamarin are sought after for their scenic coastal views, lush green mountains, and outdoor activities like hiking and surfing. The South West also boasts some of the best sunset views on the island, making it a top choice for those seeking a more relaxed, nature-oriented lifestyle. Buyers are attracted to the exclusivity and tranquillity of the South West, often investing in luxury villas and gated communities that offer privacy and close proximity to national parks and protected areas.

The Centre, the heart of the island, provides easy access to business hubs, top schools, and shopping centres. With branches in the West, Centre, and North, Park Lane Properties offers expert insights to help clients choose the ideal area to match their lifestyle and needs.

Do foreigners invest in Mauritius? Which are the European nationalities buying property there?

Yes, Mauritius is a highly attractive destination for foreign investors, particularly from Europe. They choose Mauritius either to diversify their property investment portfolio in a safe, regulated and robust property market or to enjoy the exceptional lifestyle Mauritius offers. French, British, German, and Swiss nationals are among the most frequent buyers, drawn by the island's stable economy, high quality of life, and appealing residency options. The ability to acquire property within designated resorts and developments is particularly popular, as it allows investors to apply for permanent residency with a minimum investment of USD 375,000.

“2023 has seen an influx of buyers from Eastern European countries such as Romania, Bulgaria, Czech Republic, Poland and Russia.”

Which additional services could you provide to Bulgarian clients?

Park Lane Properties offers a highly personalised approach, starting with a deep understanding of each client’s unique needs and preferences. From identifying the ideal property that matches their criteria to providing expert guidance throughout the entire process, the focus is on delivering a seamless experience for Bulgarian buyers.

With 20 years of experience in the Mauritian market, the company has built strong relationships within the business community, allowing us to assist clients with every aspect of their investment and relocation. This includes advising on the best structuring of their investment, handling all administrative procedures prior to purchase, and offering introductions to trusted service providers and banks. For those opting to rent before committing to buying, we also offer long-term rental services, helping clients find properties that suit their needs on a yearly basis while they explore the island and decide on a permanent investment.

Our support extends throughout the purchasing process and beyond, ensuring that every detail of a client’s relocation or installation in Mauritius is handled smoothly and efficiently, allowing them to enjoy their new home or investment with total peace of mind.